An affiliate of Cerberus Capital Management has acquired a 20% stake in seven units of Mongolia-based MCS Group for an undisclosed amount. The acquired units operate across telecommunications and consumer goods. Read more… Read More
Stonepeak Infrastructure Partners and a team of senior executives formerly with Equinix, Facebook, Tata Communications, and Macquarie, have committed USD1b to form Digital Edge, a data center platform headquartered in Singapore and focused on acquiring and developing carrier-neutral data centers and related digital infrastructure assets across the Asia… Read More
T. Rowe Price Associates and other undisclosed investors have invested USD300m in Colombia-based delivery app Rappi. Previous investors in Rappi include SoftBank, Andreesen Horowitz, DST Global, Sequoia Capital, and Y Combinator. Read more… Read More
Saudi-based National Talents, Lebanon’s IM Capital, DHV Partners, and an unnamed angel invested USD520k in Dubai- and Beirut-based Geek Express, an edtech that provides online and offline STEAM education to children across MENA. The round takes Geek Express’ total raise to USD860k. Read more… Read More
Canary and unnamed angels invested BRL15m (USD2.7m) in Brazilian logistics startup Kestraa. Read more… Read More
Proparco, Kibo Capital, Ciel Limited, and other shareholders of Mauritius-based healthcare center management company Ciel Healthcare invested USD2.5m in its Ugandan subsidiary International Medical Group (IMG). IFC also approved a USD4m loan to IMG to finance a liquidity shortfall that resulted from the COVID-19 pandemic. Read more… Read More
IDB Invest has agreed to inject up to USD30m in Kandeo 3D, a private debt fund managed by Kandeo Investment Advisors that will provide financing to mid-sized companies in Mexico, Colombia, and Peru. Read more… Read More
Waha Capital has agreed to invest USD50m in Argentina-based online travel company Despegar.com via a private placement. L Catterton recently invested USD150m in the company. Read more… Read More
Infrastructure firm NWS Holdings, a unit of Hong Kong property developer New World Development, has agreed to sell Hong Kong-based bus franchises Citybus and New World First Bus for HKD3.2b (USD410.2m) to a consortium led by private equity fund Templewater Bravo in a cash deal. Following the transaction,… Read More
Fundamentum Partnership and KB Global have invested USD13m in an extended Series D for India-based logistics SaaS platform FarEye. Microsoft’s corporate venture fund M12 led the company’s USD24.5m Series D in April 2020. Read more… Read More
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